Transportation industry

The Regional Transportation Authority of Illinois will take competitive bids Tuesday on $100 million of general obligation refunding bonds and in a separate transaction will further tap its commercial paper program as it awaits nearly $400 million in overdue state aid payments.

The Las Vegas Monorail has been given court permission to send its bankruptcy-exit plan to creditors for a vote.

The Metropolitan Washington Airports Authority announced Wednesday that it has tapped a new leader after a difficult selection process and during a time of controversy about the second phase of its Metrorail extension project.

DALLAS - Texas Gov. Rick Perry has signed legislation designed to help commuter rail districts raise money across jurisdictional lines for bond-funded projects.

New York's Metropolitan Transportation Authority on Wednesday will remarket $347.7 million of dedicated tax fund variable-rate refunding bonds originally sold in 2008.

DALLAS — The Arkansas Trucking Association has withdrawn its support for a proposed increase of the state diesel tax to support $1.1 billion of bonds for interstate highway projects.

The Central Indiana Regional Transportation Authority, a quasi-governmental organization that promotes public transit, said last week that it has launched a petition drive to support local funding options for public transportation.

A consortium led by Goldman, Sachs & Co. will pay a total $1.43 billion to maintain and operate Puerto Rico's busiest toll road for 40 years.

CHICAGO — U.S. Sen. Mark Kirk of Illinois unveiled legislation Monday that would promote public-private partnerships for transportation projects by lifting federal restrictions on tapping private financing for airports, highways, and railroads.

Port of Houston Authority officials said last week construction of a cruise ship terminal in Pasadena cost $108.4 million rather than the previously announced $71 million.

Gov. John Lynch on Wednesday vetoed a bill that would have stripped the New Hampshire Rail Authority of many powers, including the ability to issue bonds.

WASHINGTON - The Bipartisan Policy Center released a new spending reform plan Thursday that calls for a near quadrupling of the U.S. Transportation Department's TIFIA program from a $122 million annual appropriation to $450 million.

BRADENTON, Fla. - South Miami is seeking a taxable bank loan to fund a settlement with the Internal Revenue Service over impermissible uses of tax-exempt bond and bank loan proceeds to build a parking garage.

A detailed analysis of cost-saving measures for the Louisville-Southern Indiana Ohio River Bridges Project says at least $1.2 billion could be trimmed off the previously estimated $4.1 billion price tag.

The Port Authority of New York and New Jersey has selected three consortiums to bid on a $1.5 billion replacement of the Goethals Bridge.

Indianapolis Mayor Greg Ballard last week announced a plan to build a $15 million parking garage financed in part with proceeds from the $20 million the city received by leasing its parking meters for 50 years. The city last week announced the selection of a developer and operator of the new mixed-use parking development. The lot will have 350 spaces, retail space, and a police substation.

In the midst of a $1.9 billion renovation of its four original terminals, Dallas-Fort Worth International Airport will refund $112 million of revenue bonds next week for total anticipated savings of $25 million.

The Department of Transportation is proposing high-speed rail projects be built with 100% American-made parts and equipment.

The New York State Thruway Authority on Tuesday will sell $440 million of tax-exempt debt in a negotiated transaction to reimburse the state for expenses related to its multi-year highway and bridge capital program.

Connecticut is set to form a new bonding authority that will oversee six state airports, including the Bradley International Airport.